Separate speaking orders on reopening objections are mandatory; deciding them within reassessment invalidates jurisdiction and precludes revival of st...
Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Effect of resignation from Directorship - ROC refused to remove the name of the Petitioner as a Director of Respondent No. 4-company - The High court acknowledged the peculiar circumstances of the case, particularly the non-commencement of business by the company and the impact of the Covid-19 pandemic. - The court interpreted Section 168(2) of the Companies Act, 2013, to determine the effective date of the petitioner's resignation as director. - Despite the company's failure to fulfill certain compliances, the court found no justifiable reason to prevent the Registrar of Companies from updating its records to reflect the petitioner's resignation.
Effect of resignation from Directorship - ROC refused to remove the name of the Petitioner as a Director of Respondent No. 4-company - The High court acknowledged the peculiar circumstances of the case, particularly the non-commencement of business by the company and the impact of the Covid-19 pandemic. - The court interpreted Section 168(2) of the Companies Act, 2013, to determine the effective date of the petitioner's resignation as director. - Despite the company's failure to fulfill certain compliances, the court found no justifiable reason to prevent the Registrar of Companies from updating its records to reflect the petitioner's resignation.
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